Sensex And Nifty Regain More Than 1% Following Six Sessions Of Losses

The Sensex and Nifty recovered more than 1 percent on Friday, snapping a six-session losing skid, thanks to value buying in auto, IT, financial, and energy stocks.

The 30-share BSE Sensex advanced 634.65 points or 1.01 percent to 63,782.80. It fluctuated between a high of 63,913.13 and a low of 63,393.37 during the day.

The Nifty rose 202.45 points or 1.07 percent to 19,059.70.

Axis Bank led the Sensex pack with a 3.07 percent rise, followed by HCL Tech, SBI, NTPC, Tata Motors, Nestle India, and Infosys.

Shares of index heavyweight Reliance Industries witnessed gained 1.75 percent to settle at Rs 2,265.25 apiece on robust buying.

Maruti Suzuki India recorded an 80.3 percent increase in net profit at Rs 3,716.5 crore in the July-September quarter, owing to strong sales, softening commodity prices, cost-cutting efforts, and higher non-operating income.

Asian Paints, Ultratech Cement, and ITC, on the other hand, were the laggards.

The BSE midcap gauge climbed 1.70 percent, while the smallcap index gained 1.89 percent.

All sector indices finished in the green, with utilities up 2.22 percent, power up 2.04 percent, services up 1.79 percent, industrial up 1.63 percent, estate up 1.63 percent, and Information Technology up 1.36 percent.

The Sensex had fallen 3,279.94 points in six trading sessions as of October 26, 2023.

In Asian markets, Seoul, Shanghai, Tokyo, and Hong Kong all finished the day with strong gains.

Markets in Europe were trading on a mixed note.

On Thursday, the US equity indices concluded in red.

Brent crude increased 2.50 percent to USD 90.13 per barrel.

According to the exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 7,702.53 crore on Thursday.

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